800.883.8290PROPERTY:
Wedgewood Rd, Baltimore, MD 21229
DESCRIPTION:
- Purchase price is $55,000 and construction costs are $35,000.
- Cash to close is $25,000
- Holding $35,000 of the funds which will be reimbursed upon completion of project
- Experience in rehabbing
PROPOSED TERMS:
| Loan Type: | Purchase construction |
| Loan Amount: | $75,000 1st Mortgage |
| Value of Subject Property: | $150,000 |
| Loan to Value: | 50% |
| Term requested: | 9 Month Balloon |
| Exit Strategy: | Resell property |
| Credit Score | 467 / 658 |
